Cains provided Isle of Man legal assistance in connection with LinkedIn Corporation’s recent formation of an Isle of Man company (LinkedIn CN Limited) to establish a joint venture with Sequoia China and China Broadband Capital for the purpose of launching a professional network in the People’s Republic of China.
In addition to Cains, Shearman & Sterling LLP, O’Melveny & Myers LLP and TransAsia Lawyers advised on the transaction.
Tristan Head, a director of Cains who led the Cains team, said: “We are delighted to have been able to assist LinkedIn with the Isle of Man aspects of this transaction. Although the parties involved in the transaction were located in a number of different time zones (including California and Beijing), the Isle of Man proved to be well-positioned to enable us to service the needs of both our client in Silicon Valley and our counterparts in Beijing.”
Atlas Corporate Services Limited acts as the registered agent of LinkedIn CN Limited. Stockton Birthisel, managing director of Atlas Corporate Services Limited, commented: “It is a great pleasure to be working with a dynamic and innovative company like LinkedIn and is very gratifying that an Isle of Man company was selected as an appropriate vehicle for this exciting joint venture.”